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Expedia's bookings growth accelerated based on strength in its business-to-business activities, and management raised its outlook. Despite reporting better results, FMC's share price was weak. Pinnacle Financial lagged after announcing an all-stock acquisition of a rival company.
A video game maker's stock came under pressure after a decision to delay a highly anticipated game's launch, while solid growth in gross bookings helped shares of a travel firm push higher.
Expedia shares surged more than 18% Friday after the Seattle-based travel tech firm reported a blowout third quarter, fueled by double-digit growth in bookings, rising revenue and profits as CEO Ariane Gorin touted AI-driven gains and steady travel demand.
Major U.S. equities indexes pulled back Friday afternoon, led by the tech sector amid lingering worries about an AI bubble and after a string of weaker-than-expected earnings reports. The Dow, S&P 500, and Nasdaq all lost ground, with the Nasdaq on track to post its worst week since April, when President Donald Trump rattled markets with his "Liberation Day" tariffs.
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